#47 Personal Finance. With Andrew Hallam, Author of "Millionaire Expat"

In today’s episode, we had the pleasure of speaking with Andrew
Hallam, a financial expert and author of many books of which “The
Millionnaire expat”is at the center of our conversation.


Yet, you don’t have to be an expat, nor a millionaire to benefit
from listening to this podcast, from which you’ll learn, as a
starter, that some of the most reputable insurance companies in
the world sell retirement plans that will leave you broke. Andrew
will tell you who they are, and what you can do to avoid those
traps.


You’ll also learn that in order to grow your capital over time,
you won’t need a complex and time-consuming investment plan.


He spends on average 1 hour per year to balance his portfolio of
low-cost index fund s and as a result he beat most actively
managed funds, that come with astronomic fees.


We also touched on the current status of the global markets, and
Andrew’s perspective is refreshing and somehow reassuring. 


There is a lot to learn and enjoy here…..Have a listen




MILLIONAIRE EXPAT

Build your strongest-ever portfolio from anywhere in the
world

Now in its third edition, Millionaire Expat is the world’s most
trusted, bestselling guide for expat investors.  It shows
readers how to protect themselves from financial sharks and build
effective portfolios that maximize profits and tax efficiency.
This updated guide includes model portfolios of ETFs or index
funds.  It recommends subtle differences for investors based
on nationality, while explaining why all-in-one portfolio funds
are even simpler and more profitable than individual ETFs. 
Millionaire Expat also provides investment models for socially
responsible funds.

Best of all, this book is specific.  Author Andrew Hallam
doesn’t just offer theory.  He shows you exactly what to buy
and where to buy it from.  He explains how much you should
sell each year, upon retirement, and discusses repatriation:
showing how different countries deal with the taxation of
portfolios that were built abroad.

 And if you’re looking for a hands-free approach,
Millionaire Expat offers something for you as well:  lists
of roboadvisors and full-service financial firms that offer
guidance and build portfolios of ETFs and index funds.

But what if you started investing late and can’t afford to
retire? In that case, Andrew Hallam has you covered.  He
profiles several low-cost countries that are popular with
expats.  He explains what countries are great for Global
Nomads and for retirees looking for tax breaks, safety, solid
health care systems and a low-cost, enjoyable standard of
living.

Millionaire Expat (3rd edition) is an entertaining guide, showing
readers how to maximize their money and their life satisfaction
based on simple, smart investing and their choice of retirement
destination.

Author Andrew Hallam was a high school teacher who built a
million-dollar portfolio―on a teacher's salary. He knows how
everyday people can achieve success in the market. In Millionaire
Expat, he tailors his best advice to the unique needs of those
living overseas to give you the targeted, real-world guidance you
need.


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